Sonoco director adds 825.9 phantom stock units via dividend plan
Sonoco Products Company director reports routine phantom stock grant.
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Rhea-AI Filing Summary
Sonoco Products Company director reports routine phantom stock grant. Director Thomas E. Whiddon filed a Form 4 showing an acquisition of 825.9 phantom stock units on 12/12/2025. Each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock and is credited under the company’s directors’ deferred compensation plan.
The units were acquired in connection with a quarterly dividend under this plan and will be settled in Sonoco common stock when the director retires or otherwise leaves board service. Following this transaction, Whiddon beneficially owns 66,162.7 phantom stock units on a direct basis, further aligning his deferred compensation with Sonoco’s share performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 825.9 | $41.93 | $35K |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F2. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
FAQ
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What did Sonoco (SON) disclose in this Form 4 filing?
How many Sonoco (SON) phantom stock units does the director hold after the transaction?
What is a phantom stock unit in the context of Sonoco (SON)?
Why did the Sonoco (SON) director receive 825.9 phantom stock units?
When will the Sonoco (SON) phantom stock units be settled for the director?
What was the reference price for the Sonoco (SON) phantom stock transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.